Indian stocks back in the red despite cenbank rate cut

Indian stocks back in the red despite cenbank rate cut

27 Mar 2020 11:45 AM
 

Indian shares inched back from session highs to fall 1% on Friday even though the country's central bank unleashed an array of measures to help cope with the economic fallout from the coronavirus pandemic.

The Reserve Bank of India on Friday joined other central banks across the world to slash interest rates in order to help support the economy.

The Nifty was down 1.06% at 8,548.60 while Sensex fell 1.76% to 29,416.12. Earlier in the session both indexes rose nearly 4%.